MNB

MNB

Hungary announces end to residency bonds

The sale of residency bonds, the subject of some controversy lately, is coming to an end, as Hungaryʼs Government Debt...

MNB

Trade surplus up to EUR 908 mln in November

Hungary’s trade surplus was up EUR 130 million to EUR 908 mln in November compared to the same month a...

MNB

MNB intʼl reserves fall EUR 767 mln in December

International reserves of the National Bank of Hungary (MNB) stood at EUR 24.384 billion at the end of December 2016,...

MNB

Hungaryʼs external trade surplus at EUR 903 mln in October,

Hungaryʼs external trade surplus was up by EUR 179 million to EUR 903 mln in October, compared to the same...

MNB

Hungary net external financing capacity at 8.6% of GDP in Q3

Adjusted for seasonal effects, Hungaryʼs net external financing capacity was EUR 2.371 billion or 8.6% of quarterly GDP in the...

MNB

EUʼs anti-fraud office suspects fraud in Budapest metro construction, Politico says

European anti-fraud office OLAF suspects fraud in connection with the building of Budapest’s fourth metro line and has suggested Hungary...

MNB

MNB raises projections for household consumption, investments

The National Bank of Hungary (MNB) markedly raised its projections for both household consumption and investments next year in a...

MNB

Market reaction to MNB decision ʼoverdoneʼ , Nomura says

Market reaction to the National Bank of Hungary’s (MNB) decision to keep rates unchanged, as expected, and reduce the 3m...

MNB

MNB requires mortgage lenders to hold more long-term liabilities

The MNBʼs 15% Mortgage Funding Adequacy Ratio (MFAR), requiring lenders to back at least 15% of their net mortgage loans...

MNB

MNB keeps base rate on hold at 0.9%, as expected

The National Bank of Hungary’s (MNB) Monetary Council (MC) left the central bank’s base rate on hold at 0.9% at...

MNB

Immofinanz sees 5% rental income growth in Hungary

In the first half of this financial year, the rental income of Immofinanz in Hungary increased by 5% and now...

MNB

Report: Hungarian banks make most from customers in region

Banks in Hungary outstrip their regional peers in terms of having the highest net margins (adjusted for provisions), meaning that...

MNB

EIB grants EUR 400 mln credit for rural development

Minister for National Economy Mihály Varga and European Investment Bank (EIB) Vice President Vazil Hudák signed an agreement on Thursday...

MNB

Kopint-Tárki ups 2017 GDP growth forecast to 3.2%

Economic researcher Kopint-Tárki has revised its projection for next yearʼs GDP growth from 2.7% to 3.2% in a quarterly forecast...

MNB

Matolcsy predicts 3.5-4% GDP growth in 2017

GDP growth in Hungary could reach 3.5-4% in 2017, above even the governmentʼs own forecast, National Bank of Hungary Governor...

MNB

MNB Cites Global Uncertainty Behind September Rate Hold

Global economic uncertainty constrained Hungary’s monetary policy room for maneuver, the National Bank of Hungary’s (MNB) Monetary Council agreed at...

MNB Cites Global Uncertainty Behind September Rate Hold

Global economic uncertainty constrained Hungary’s monetary policy room for maneuver, the National Bank of Hungary’s (MNB) Monetary Council agreed at...

MNB International Reserves Fall to EUR 62.1 bln in September

The National Bank of Hungary’s (MNB) international reserves stood at EUR 62.061 bln at the end of September, down EUR...

Former Central Bank Governor Matolcsy Questioned as Suspect in Erste Case

Police have questioned seven suspects, including former National Bank of Hungary Governor György Matolcsy, in an investigation into alleged abuse...

MNB to Lower Inflation Target to 2.5% From 2028, Holds Base Rate at 5.5%

The National Bank of Hungary (MNB) will lower its inflation target to 2.5% from Jan. 1, 2028, while retaining its...

Varga Prioritizes Successful Euro Adoption Over Speed

Hungary should prioritize a successful transition to the euro over rapid adoption, MNB governor Mihály Varga said at the 64th...

Forint Volatility Warrants ‘Special Attention,’ MNB Policymakers Say

Members of the Monetary Council of the MNB acknowledged the disinflationary effects of the stronger forint but said exchange rate...

MNB Cuts Base Rate to 5.5%, September Inflation Report to Guide Next Steps

The Monetary Council of the National Bank of Hungary (MNB) cut the central bank base rate by 25 basis points...

Meeting Maastricht Criteria Would Benefit Entire Hungarian Economy, MNB Dep Gov Says

Meeting the Maastricht criteria for adopting the euro would benefit the entire Hungarian economy, Péter Benő Banai, a deputy governor...

National Bank of Hungary Cuts Base Rate to 5.75%

The Monetary Council of the National Bank of Hungary (MNB) cut the central bank base rate by 25 basis points...

MNB Monetary Council Cuts Base Rate to 6%

The Monetary Council of the National Bank of Hungary (MNB) decided to cut the central bank base rate by 25...

MNB Warns of Rising Housing Market Risks as Banks Remain Stable

The National Bank of Hungary (MNB) said the local banking system remains stable but underscored increasing risks in the home...

MNB International Reserves Rise EUR 1.898 bln in April

International reserves of the National Bank of Hungary (MNB) stood at EUR 60.630 billion at the end of April, up...

MNB May Reduce 82% Ownership Stake in BÉT

Talks are underway between the Budapest Stock Exchange (BÉT) and the National Bank of Hungary (MNB) on reducing the central...

MNB Governor Warns Inflation Could Exceed 5% This Year

MNB Governor Mihály Varga said in an interview with economic weekly HVG that the new gov't must present a credible...

National Bank Policymakers Leave Base Rate on Hold at 6.25%

The Monetary Council of the National Bank of Hungary (MNB) decided to leave the central bank base rate unchanged at...